Third Point Reinsurance Ltd. Co (TPRE) 13.91 $TPRE
Lancashire Grows Pre-Tax Profits Despite Reinsurance And Retro Pressure
Steve Evans - at Seeking Alpha - Fri Feb 13, 3:00AM CST
Specialty insurance and reinsurance company Lancashire Holdings ( OTCPK:LCSHF ) reported an increase in pre-tax profits this morning and growing contribution from third-party capital at Kinesis despite the "pressures" in reinsurance and...
TPRE: 13.91 (+0.03), GLRE: 31.99 (+0.01)
Don't Discount Bill Ackman
Chris DeMuth Jr. - Seeking Alpha - Wed Feb 11, 11:13AM CST
Originally Published on January 28, 2015 Bill Ackman wears an almost punchably smug expression. He looks as if he thinks that he is the smartest guy in any room. All the more grating is the fact that, in most rooms, he is right. He has reasons to...
ZTS: 45.46 (-0.33), AGN: 229.49 (+1.87), VRX: 167.00 (-0.50), ACT: 285.37 (+3.71), HHC: 144.41 (+6.41), TPRE: 13.91 (+0.03), PAH: 22.68 (+0.14), CP: 186.30 (-0.54), APD: 152.81 (+0.59), GLRE: 31.99 (+0.01)
Third Point Reinsurance Ltd. to Present at the Bank of America Merrill Lynch 2015 Insurance Conference
PR Newswire - Wed Feb 11, 9:03AM CST
Third Point Reinsurance Ltd. (NYSE: TPRE) ("TPRE" or the "Company"
today announced that John Berger, Chairman, Chief Executive Officer and Chief Underwriting Officer, and Rob Bredahl, President and Chief Operating Officer, are scheduled to present at the Bank of America Merrill Lynch 2015 Insurance Conference in New York. The presentation will take place today, February 11th, 2015, at 3:30PM.
TPRE: 13.91 (+0.03)
Third Point Reinsurance Ltd. Announces Pricing of Offering of Senior Notes by Third Point Re (USA) Holdings Inc.
PR Newswire - Tue Feb 10, 3:10PM CST
Third Point Reinsurance Ltd. (NYSE: TPRE) ("TPRE" or the "Company" today announced the pricing of $115.0 million aggregate principal amount of 7.00% Senior Notes due 2025 (the "Notes" by its wholly owned subsidiary, Third Point Re (USA) Holdings Inc. ("TPRUSA" . The Notes will be fully and unconditionally guaranteed by TPRE. The offering is expected to close on February 13, 2015.
TPRE: 13.91 (+0.03)
Third Point Reinsurance Ltd. Announces Date for Fourth Quarter and Full Year 2014 Earnings Release
PR Newswire - Tue Feb 10, 3:01PM CST
Third Point Reinsurance Ltd. (NYSE: TPRE) (the "Company" today announced that it is planning to release its fourth quarter and full year 2014 results after the market closes on Thursday, February 26, 2015. Third Point Reinsurance Ltd. will also hold a conference call to discuss its results at 8:30 am (Eastern Time) on Friday, February 27, 2015.
TPRE: 13.91 (+0.03)
Why Catastrophe Bonds Are A Positive Bet On Disaster
Steve Evans - Seeking Alpha - Fri Jan 30, 3:44PM CST
Catastrophe bonds, also known as cat bonds for short, are an example of capital market techniques being used to facilitate the transfer of risks from one party to another. In the same way that for hundreds of years insurance contracts have enabled a...
TPRE: 13.91 (+0.03), GLRE: 31.99 (+0.01)
Alternative Capital's Stickiness Signals 'Structurally Lower Returns'
Steve Evans - Seeking Alpha - Wed Jan 28, 7:34PM CST
The expected staying power of ILS, alternative and third-party reinsurance capital signals "structurally lower returns" for reinsurers, but should also eliminate some of the volatility and tail risk in the traditional market, according to...
TPRE: 13.91 (+0.03), GLRE: 31.99 (+0.01)
Third Point Reinsurance Ltd. Announces Proposed Offering of Senior Notes by Third Point Re (USA) Holdings Inc.
PR Newswire - Tue Jan 20, 8:23AM CST
Third Point Reinsurance Ltd. (NYSE: TPRE) ("TPRE" or the "Company" today announced that its wholly owned subsidiary, Third Point Re (USA) Holdings Inc. ("TPRUSA" , intends to pursue an offering of senior notes. TPRUSA intends to use the net proceeds from the sale of the notes to partially finance the capitalization of its wholly owned subsidiary, Third Point Reinsurance (USA) Ltd. The notes are expected to be fully and unconditionally guaranteed by TPRE. The notes and the guarantee are expected to be registered under the Securities Act of 1933, as amended (the "Securities Act" .
TPRE: 13.91 (+0.03), DB: 32.29 (+0.70)
Growing Sophistication Of ILS And Cat Bonds Ensures Positive Outlook: Aon
Steve Evans - at Seeking Alpha - Sat Jan 17, 12:19PM CST
The greater range of options available to cedants from insurance-linked securities (ILS) and catastrophe bonds, along with increased sophistication of solutions, ensures a positive outlook for the ILS market in 2015, according to Aon Benfield...
TPRE: 13.91 (+0.03), GLRE: 31.99 (+0.01)
Investor Appetite May Lift Cat Bonds To $9 Billion In 2015: Willis
Steve Evans - Seeking Alpha - Fri Jan 16, 1:02PM CST
Continued investor appetite for catastrophe bonds and insurance-linked securities (ILS), alongside growing confidence in their use as an alternative to reinsurance, could see the cat bond market hitting $9 billion of issuance in 2015, according to...
TPRE: 13.91 (+0.03), GLRE: 31.99 (+0.01)
Reinsurance Market Cycle Has Changed, Responds Locally To Losses: Guy Carpenter
Steve Evans - at Seeking Alpha - Wed Jan 14, 8:50PM CST
The reinsurance market cycle has changed, broker Guy Carpenter said at a press briefing last week. The market cycle no longer responds in the same way to loss events, with a reinsurance market that responds locally and regionally to losses expected...
TPRE: 13.91 (+0.03), GLRE: 31.99 (+0.01)
Lloyd's Insurers And Reinsurers Under Pressure Again In 2015
Steve Evans - Seeking Alpha - Tue Jan 13, 8:30AM CST
As the (super)abundance of alternative reinsurance and insurance-linked securities (ILS) capital continues to impact pricing and distort the dynamics of the reinsurance space, Lloyd’s and London players are set for a “tougher...
TPRE: 13.91 (+0.03), GLRE: 31.99 (+0.01)
More Than A Catastrophe Required To Turn Reinsurance Market
Steve Evans - Seeking Alpha - Sat Jan 10, 10:03AM CST
Reinsurance market conditions are similar to that of 1997 as pricing continues to soften, and despite what some experts believe, analysts at Macquarie Research warn that a major catastrophe might not be enough to effectively turn the reinsurance...
IAK: 49.31 (+0.38), KBWP: 43.40 (+0.01), TPRE: 13.91 (+0.03), KIE: 67.42 (+0.13), KBWI: 69.42 (unch), GLRE: 31.99 (+0.01)
Collateralized ILS Capacity Gains Share At 1/1 Reinsurance Renewals
Steve Evans - at Seeking Alpha - Mon Jan 05, 12:53AM CST
Fully-collateralized sources of reinsurance and insurance-linked securities (ILS) capacity continued to penetrate the global reinsurance market at the January 1st renewals as cedents increasingly add third-party capital to their reinsurance programs,...
TPRE: 13.91 (+0.03), GLRE: 31.99 (+0.01)
Top And Bottom Line, Secular And Cyclical, Reinsurance Pressure Abounds, Analysts Say
Steve Evans - Seeking Alpha - Fri Dec 19, 1:02PM CST
Pressure on the reinsurance market and its incumbent traditional players comes from all angles, with analysts from Bernstein Research citing top and bottom line margin pressure, along with both secular and cyclical pressures on the market and...
TPRE: 13.91 (+0.03), GLRE: 31.99 (+0.01)
It's Not A Soft Reinsurance Market Yet And May Not Be In 2015: Moody's
Steve Evans - Seeking Alpha - Fri Dec 19, 12:52PM CST
As competition remains plentiful in the reinsurance market and capital remains abundant, reinsurance pricing pressures are widely expected to carry into 2015, but Kevin Lee of Moody’s explains that we’re still some way from a truly soft...
TPRE: 13.91 (+0.03), XL: 35.74 (-0.07), GLRE: 31.99 (+0.01)
Third Point Reinsurance Ltd. Announces Changes to Catastrophe Fund Business
PR Newswire - Thu Dec 18, 3:01PM CST
Third Point Reinsurance Ltd. ("Third Point Re" (NYSE: TPRE) announced today a re-alignment of its partnership with Hiscox Insurance Company (Bermuda) Limited ("Hiscox" in the catastrophe reinsurance fund management business. Third Point Re intends to contribute certain resources of Third Point Reinsurance Investment Management Ltd. into Hiscox's Kiskadee insurance-linked securities ("ILS" platform while winding down any remaining exposure in Third Point Reinsurance Opportunities Fund Ltd. Third Point Re intends to make an investment in Kiskadee funds and Manoj Gupta, Lead Portfolio Manager for Third Point Reinsurance Investment Management Ltd., is expected to serve as an advisor to Kiskadee Investment Managers Ltd. Manoj will also continue to serve in various underwriting and corporate roles with Third Point Re. In addition, both parties intend to further develop their strategic relationship to include non-ILS business opportunities.
TPRE: 13.91 (+0.03)
Access To Deeper Pools Of Capital Can Add Stability To Reinsurance
Steve Evans - Seeking Alpha - Fri Dec 12, 3:40PM CST
An interesting debate took place at a seminar held in Bermuda last week, as senior executives from traditional insurance, reinsurance and insurance-linked securities (ILS) firms discussed the future of third-party capital in reinsurance. The...
TPRE: 13.91 (+0.03), GLRE: 31.99 (+0.01)
Third Point Re Hires Wafer and Norton
PR Newswire - Thu Dec 04, 8:00AM CST
Third Point Reinsurance Ltd. ("Third Point Re" and together with its subsidiaries, the "Third Point Re Group" (NYSE: TPRE) today announced that Thomas Wafer and Jonathan Norton have been hired to help establish and manage the group's U.S. operations. Third Point Re intends to form a new reinsurance subsidiary with an office in the United States in order to originate incremental reinsurance business, better serve its U.S. insurance company clients and further cultivate reinsurance broker relationships.
TPRE: 13.91 (+0.03)
Insurance Buyers Look To Cat Bonds, Collateralized Alternatives: Marsh
Steve Evans - Seeking Alpha - Tue Dec 02, 5:11PM CST
For years we’ve written that insurance companies increasingly look to alternative sources of reinsurance capacity, from insurance-linked securities (ILS) players and the capital markets. But now, according to Marsh, insurance buyers are looking...
TPRE: 13.91 (+0.03), GLRE: 31.99 (+0.01)
Lancashire Grows Pre-Tax Profits Despite Reinsurance And Retro Pressure
Steve Evans - at Seeking Alpha - Fri Feb 13, 3:00AM CST
Specialty insurance and reinsurance company Lancashire Holdings ( OTCPK:LCSHF ) reported an increase in pre-tax profits this morning and growing contribution from third-party capital at Kinesis despite the "pressures" in reinsurance and...
TPRE: 13.91 (+0.03), GLRE: 31.99 (+0.01)
Don't Discount Bill Ackman
Chris DeMuth Jr. - Seeking Alpha - Wed Feb 11, 11:13AM CST
Originally Published on January 28, 2015 Bill Ackman wears an almost punchably smug expression. He looks as if he thinks that he is the smartest guy in any room. All the more grating is the fact that, in most rooms, he is right. He has reasons to...
ZTS: 45.46 (-0.33), AGN: 229.49 (+1.87), VRX: 167.00 (-0.50), ACT: 285.37 (+3.71), HHC: 144.41 (+6.41), TPRE: 13.91 (+0.03), PAH: 22.68 (+0.14), CP: 186.30 (-0.54), APD: 152.81 (+0.59), GLRE: 31.99 (+0.01)
Third Point Reinsurance Ltd. to Present at the Bank of America Merrill Lynch 2015 Insurance Conference
PR Newswire - Wed Feb 11, 9:03AM CST
Third Point Reinsurance Ltd. (NYSE: TPRE) ("TPRE" or the "Company"
today announced that John Berger, Chairman, Chief Executive Officer and Chief Underwriting Officer, and Rob Bredahl, President and Chief Operating Officer, are scheduled to present at the Bank of America Merrill Lynch 2015 Insurance Conference in New York. The presentation will take place today, February 11th, 2015, at 3:30PM. TPRE: 13.91 (+0.03)
Third Point Reinsurance Ltd. Announces Pricing of Offering of Senior Notes by Third Point Re (USA) Holdings Inc.
PR Newswire - Tue Feb 10, 3:10PM CST
Third Point Reinsurance Ltd. (NYSE: TPRE) ("TPRE" or the "Company"
today announced the pricing of $115.0 million aggregate principal amount of 7.00% Senior Notes due 2025 (the "Notes" by its wholly owned subsidiary, Third Point Re (USA) Holdings Inc. ("TPRUSA" . The Notes will be fully and unconditionally guaranteed by TPRE. The offering is expected to close on February 13, 2015. TPRE: 13.91 (+0.03)
Third Point Reinsurance Ltd. Announces Date for Fourth Quarter and Full Year 2014 Earnings Release
PR Newswire - Tue Feb 10, 3:01PM CST
Third Point Reinsurance Ltd. (NYSE: TPRE) (the "Company"
today announced that it is planning to release its fourth quarter and full year 2014 results after the market closes on Thursday, February 26, 2015. Third Point Reinsurance Ltd. will also hold a conference call to discuss its results at 8:30 am (Eastern Time) on Friday, February 27, 2015. TPRE: 13.91 (+0.03)
Why Catastrophe Bonds Are A Positive Bet On Disaster
Steve Evans - Seeking Alpha - Fri Jan 30, 3:44PM CST
Catastrophe bonds, also known as cat bonds for short, are an example of capital market techniques being used to facilitate the transfer of risks from one party to another. In the same way that for hundreds of years insurance contracts have enabled a...
TPRE: 13.91 (+0.03), GLRE: 31.99 (+0.01)
Alternative Capital's Stickiness Signals 'Structurally Lower Returns'
Steve Evans - Seeking Alpha - Wed Jan 28, 7:34PM CST
The expected staying power of ILS, alternative and third-party reinsurance capital signals "structurally lower returns" for reinsurers, but should also eliminate some of the volatility and tail risk in the traditional market, according to...
TPRE: 13.91 (+0.03), GLRE: 31.99 (+0.01)
Third Point Reinsurance Ltd. Announces Proposed Offering of Senior Notes by Third Point Re (USA) Holdings Inc.
PR Newswire - Tue Jan 20, 8:23AM CST
Third Point Reinsurance Ltd. (NYSE: TPRE) ("TPRE" or the "Company"
today announced that its wholly owned subsidiary, Third Point Re (USA) Holdings Inc. ("TPRUSA" , intends to pursue an offering of senior notes. TPRUSA intends to use the net proceeds from the sale of the notes to partially finance the capitalization of its wholly owned subsidiary, Third Point Reinsurance (USA) Ltd. The notes are expected to be fully and unconditionally guaranteed by TPRE. The notes and the guarantee are expected to be registered under the Securities Act of 1933, as amended (the "Securities Act" . TPRE: 13.91 (+0.03), DB: 32.29 (+0.70)
Growing Sophistication Of ILS And Cat Bonds Ensures Positive Outlook: Aon
Steve Evans - at Seeking Alpha - Sat Jan 17, 12:19PM CST
The greater range of options available to cedants from insurance-linked securities (ILS) and catastrophe bonds, along with increased sophistication of solutions, ensures a positive outlook for the ILS market in 2015, according to Aon Benfield...
TPRE: 13.91 (+0.03), GLRE: 31.99 (+0.01)
Investor Appetite May Lift Cat Bonds To $9 Billion In 2015: Willis
Steve Evans - Seeking Alpha - Fri Jan 16, 1:02PM CST
Continued investor appetite for catastrophe bonds and insurance-linked securities (ILS), alongside growing confidence in their use as an alternative to reinsurance, could see the cat bond market hitting $9 billion of issuance in 2015, according to...
TPRE: 13.91 (+0.03), GLRE: 31.99 (+0.01)
Reinsurance Market Cycle Has Changed, Responds Locally To Losses: Guy Carpenter
Steve Evans - at Seeking Alpha - Wed Jan 14, 8:50PM CST
The reinsurance market cycle has changed, broker Guy Carpenter said at a press briefing last week. The market cycle no longer responds in the same way to loss events, with a reinsurance market that responds locally and regionally to losses expected...
TPRE: 13.91 (+0.03), GLRE: 31.99 (+0.01)
Lloyd's Insurers And Reinsurers Under Pressure Again In 2015
Steve Evans - Seeking Alpha - Tue Jan 13, 8:30AM CST
As the (super)abundance of alternative reinsurance and insurance-linked securities (ILS) capital continues to impact pricing and distort the dynamics of the reinsurance space, Lloyd’s and London players are set for a “tougher...
TPRE: 13.91 (+0.03), GLRE: 31.99 (+0.01)
More Than A Catastrophe Required To Turn Reinsurance Market
Steve Evans - Seeking Alpha - Sat Jan 10, 10:03AM CST
Reinsurance market conditions are similar to that of 1997 as pricing continues to soften, and despite what some experts believe, analysts at Macquarie Research warn that a major catastrophe might not be enough to effectively turn the reinsurance...
IAK: 49.31 (+0.38), KBWP: 43.40 (+0.01), TPRE: 13.91 (+0.03), KIE: 67.42 (+0.13), KBWI: 69.42 (unch), GLRE: 31.99 (+0.01)
Collateralized ILS Capacity Gains Share At 1/1 Reinsurance Renewals
Steve Evans - at Seeking Alpha - Mon Jan 05, 12:53AM CST
Fully-collateralized sources of reinsurance and insurance-linked securities (ILS) capacity continued to penetrate the global reinsurance market at the January 1st renewals as cedents increasingly add third-party capital to their reinsurance programs,...
TPRE: 13.91 (+0.03), GLRE: 31.99 (+0.01)
Top And Bottom Line, Secular And Cyclical, Reinsurance Pressure Abounds, Analysts Say
Steve Evans - Seeking Alpha - Fri Dec 19, 1:02PM CST
Pressure on the reinsurance market and its incumbent traditional players comes from all angles, with analysts from Bernstein Research citing top and bottom line margin pressure, along with both secular and cyclical pressures on the market and...
TPRE: 13.91 (+0.03), GLRE: 31.99 (+0.01)
It's Not A Soft Reinsurance Market Yet And May Not Be In 2015: Moody's
Steve Evans - Seeking Alpha - Fri Dec 19, 12:52PM CST
As competition remains plentiful in the reinsurance market and capital remains abundant, reinsurance pricing pressures are widely expected to carry into 2015, but Kevin Lee of Moody’s explains that we’re still some way from a truly soft...
TPRE: 13.91 (+0.03), XL: 35.74 (-0.07), GLRE: 31.99 (+0.01)
Third Point Reinsurance Ltd. Announces Changes to Catastrophe Fund Business
PR Newswire - Thu Dec 18, 3:01PM CST
Third Point Reinsurance Ltd. ("Third Point Re"
(NYSE: TPRE) announced today a re-alignment of its partnership with Hiscox Insurance Company (Bermuda) Limited ("Hiscox" in the catastrophe reinsurance fund management business. Third Point Re intends to contribute certain resources of Third Point Reinsurance Investment Management Ltd. into Hiscox's Kiskadee insurance-linked securities ("ILS" platform while winding down any remaining exposure in Third Point Reinsurance Opportunities Fund Ltd. Third Point Re intends to make an investment in Kiskadee funds and Manoj Gupta, Lead Portfolio Manager for Third Point Reinsurance Investment Management Ltd., is expected to serve as an advisor to Kiskadee Investment Managers Ltd. Manoj will also continue to serve in various underwriting and corporate roles with Third Point Re. In addition, both parties intend to further develop their strategic relationship to include non-ILS business opportunities. TPRE: 13.91 (+0.03)
Access To Deeper Pools Of Capital Can Add Stability To Reinsurance
Steve Evans - Seeking Alpha - Fri Dec 12, 3:40PM CST
An interesting debate took place at a seminar held in Bermuda last week, as senior executives from traditional insurance, reinsurance and insurance-linked securities (ILS) firms discussed the future of third-party capital in reinsurance. The...
TPRE: 13.91 (+0.03), GLRE: 31.99 (+0.01)
Third Point Re Hires Wafer and Norton
PR Newswire - Thu Dec 04, 8:00AM CST
Third Point Reinsurance Ltd. ("Third Point Re" and together with its subsidiaries, the "Third Point Re Group"
(NYSE: TPRE) today announced that Thomas Wafer and Jonathan Norton have been hired to help establish and manage the group's U.S. operations. Third Point Re intends to form a new reinsurance subsidiary with an office in the United States in order to originate incremental reinsurance business, better serve its U.S. insurance company clients and further cultivate reinsurance broker relationships. TPRE: 13.91 (+0.03)
Insurance Buyers Look To Cat Bonds, Collateralized Alternatives: Marsh
Steve Evans - Seeking Alpha - Tue Dec 02, 5:11PM CST
For years we’ve written that insurance companies increasingly look to alternative sources of reinsurance capacity, from insurance-linked securities (ILS) players and the capital markets. But now, according to Marsh, insurance buyers are looking...
TPRE: 13.91 (+0.03), GLRE: 31.99 (+0.01)
